Article content material

VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) — Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Firm”) is happy to announce it has entered into an settlement with a syndicate of underwriters pursuant to which the underwriters have agreed to buy, on a purchased deal personal placement foundation, 11,600,000 models (the “Models”) at a worth of C$2.76 per Unit for gross proceeds to Equinox Gold of C$32,016,000 (the “Providing”). Every Unit consists of 1 widespread share of i-80 Gold Corp. (TSX: IAU, NYSE American: IAUX) (“i-80 Gold”) owned instantly and not directly by Equinox Gold and one-half of 1 widespread share buy warrant of i-80 Gold (collectively, the ”Securities”), with every entire warrant exercisable to buy one widespread share of i-80 Gold owned instantly and not directly by Equinox Gold at a worth of C$3.45 per share for a interval of 12 months following closing of the Providing. Within the occasion all warrants are exercised, the overall gross proceeds to Equinox Gold could be C$52,026,000. The Securities are being bought pursuant to exemptions from the Canadian prospectus necessities and can be topic to a four-month maintain interval.

Article content material

Instantly previous to the Providing, Equinox Gold and its associates owned 60,841,282 widespread shares of i-80 Gold representing roughly 24.7% of i-80 Gold. On account of the Providing and previous to any train of the warrants, Equinox Gold and its associates’ possession has decreased to 19.97% of the issued and excellent widespread shares of i-80 Gold. If all the warrants are exercised, Equinox Gold and its associates will personal 43,441,282 widespread shares of i-80 Gold, representing roughly 17.6% of i-80 Gold.  

Article content material

The Providing is predicted to shut on March 28, 2023, topic to customary closing situations. Web proceeds of the Providing can be paid on to Equinox Gold. i-80 Gold won’t obtain any proceeds from the Providing.

Article content material

Article content material

Equinox Gold stays a supportive shareholder of i-80 Gold and doesn’t at the moment plan to make any further adjustments to its curiosity in i-80 Gold.

Equinox Gold can be submitting an early warning report below Nationwide Instrument 62-103 in reference to the sale of the i-80 Gold shares, a replica of which can be out there below i-80 Gold’s profile on SEDAR at www.sedar.com.

The Securities below the Providing haven’t been, and won’t be, registered below the US Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities legal guidelines of any state of the US and will not be provided, bought or delivered, instantly or not directly, in the US (as such time period is outlined in Regulation S below the U.S. Securities Act) or to, or for the account or advantage of, U.S. Individuals (as outlined within the U.S. Securities Act), besides pursuant to an exemption from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines. This information launch doesn’t represent a proposal to promote or solicitation of a proposal to purchase any of those Securities in any jurisdiction by which the providing or sale isn’t permitted.

Article content material

Equinox Gold Contacts

Greg Smith, President & Chief Govt Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
E-mail: ir@equinoxgold.com

Cautionary Notes and Ahead-looking Statements

Sure statements made on this information launch could represent forward-looking data below relevant securities legal guidelines. These statements could relate to the cut-off date of the Providing and the completion of the Providing. Ahead-looking statements and knowledge are designed to assist readers perceive administration’s views as of that point with respect to future occasions and converse solely as of the date they’re made. Besides as required by relevant legislation, Equinox Gold assumes no obligation to publicly announce the outcomes of any change to any forward-looking assertion or data contained or integrated by reference to replicate precise outcomes, future occasions or developments, adjustments in assumptions or adjustments in different elements affecting the forward-looking statements and knowledge. If Equinox Gold updates any a number of forward-looking statements, no inference must be drawn that Equinox Gold will make further updates with respect to these or different forward-looking statements. All forward-looking statements and knowledge contained on this information launch are expressly certified of their entirety by this cautionary assertion.